Couchbase, Inc. (NASDAQ:BASE) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Couchbase, Inc. (NASDAQ:BASE - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the sixteen research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $23.13.

Several research analysts have weighed in on the stock. Robert W. Baird lowered their price target on shares of Couchbase from $27.00 to $25.00 and set an "outperform" rating on the stock in a report on Wednesday, December 4th. Guggenheim reiterated a "buy" rating and set a $30.00 target price on shares of Couchbase in a research note on Wednesday, December 4th. Barclays lifted their price target on Couchbase from $19.00 to $23.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Needham & Company LLC reaffirmed a "buy" rating and issued a $22.00 price objective on shares of Couchbase in a report on Wednesday, December 4th. Finally, DA Davidson reissued a "buy" rating and set a $25.00 target price on shares of Couchbase in a report on Wednesday, December 4th.

Insider Activity at Couchbase

In other Couchbase news, SVP Huw Owen sold 2,993 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $16.02, for a total transaction of $47,947.86. Following the sale, the senior vice president now owns 325,993 shares of the company's stock, valued at approximately $5,222,407.86. The trade was a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Gregory N. Henry sold 3,853 shares of the company's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $15.14, for a total transaction of $58,334.42. Following the transaction, the chief financial officer now owns 336,679 shares of the company's stock, valued at $5,097,320.06. This trade represents a 1.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,233 shares of company stock valued at $252,552 over the last three months. 16.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Couchbase

Several hedge funds have recently modified their holdings of the company. Rhumbline Advisers raised its position in Couchbase by 14.3% in the second quarter. Rhumbline Advisers now owns 53,544 shares of the company's stock valued at $978,000 after purchasing an additional 6,707 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Couchbase by 28.5% in the second quarter. Arizona State Retirement System now owns 11,032 shares of the company's stock valued at $201,000 after buying an additional 2,445 shares during the period. Renaissance Technologies LLC raised its holdings in Couchbase by 614.0% in the 2nd quarter. Renaissance Technologies LLC now owns 86,400 shares of the company's stock valued at $1,578,000 after buying an additional 74,299 shares during the last quarter. XTX Topco Ltd acquired a new stake in Couchbase during the 2nd quarter worth approximately $301,000. Finally, Canada Pension Plan Investment Board grew its holdings in Couchbase by 70.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 58,100 shares of the company's stock worth $1,061,000 after acquiring an additional 24,100 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Couchbase Stock Up 0.6 %

Shares of BASE traded up $0.09 during trading hours on Friday, hitting $16.45. The company had a trading volume of 254,242 shares, compared to its average volume of 365,938. The firm has a market cap of $861.16 million, a price-to-earnings ratio of -10.28 and a beta of 0.79. The business has a fifty day moving average of $17.31 and a 200-day moving average of $17.11. Couchbase has a 12 month low of $13.53 and a 12 month high of $32.00.

Couchbase Company Profile

Couchbase, Inc provides cloud database platform for enterprise applications in the United States and internationally. Its database works in multiple configurations, ranging from cloud to multi- or hybrid-cloud to on-premise environments to the edge. The company offers Couchbase Capella, an automated and secure Database-as-a-Service that simplifies database management by deploying, managing, and operating Couchbase Server across cloud environments; and Couchbase Server, a multi-service NoSQL database, which provides SQL-compatible query language and SQL++ that allows for a various array of data manipulation functions.